CORRECT: Embarcadero Tech to be acquired for $234 mln

MichaelBaron

NEW YORK (MarketWatch) -- Embarcadero Technologies Inc.
EMBT, +0.00%
Thursday said it's agreed to be acquired by private equity firm Thoma Cressey Equity Partners for $234 million. The deal values Embarcadero shares at $8.38 each, a 29% premium to Wednesday's close at $6.50. San Francisco-based Embarcadero, a provider of strategic data management applications, said it expects the transaction to close by the end of 2006. (This replaces an earlier item to correct the spelling of the acquirer.)

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